Birkenstock (NYSE:BIRK) Shares Up 4.2% - What's Next?

Key Points

• Birkenstock shares rose 4.2% to about $33.12 in mid-day trading, although trading volume was 93% below the average session volume.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $52.50; individual targets range from $35 to $55.
• The company’s latest revenue rose 13.3% year over year to $834.65 million, exceeding estimates, though earnings per share of $0.86 narrowly missed expectations. Institutional investors own approximately 19.93% of the stock.

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report)'s share price rose 4.2% during mid-day trading on Friday. The company traded as high as $33.15 and last traded at $33.1240. 175,019 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 2,460,287 shares. The stock had previously closed at $31.79.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings downgraded shares of Birkenstock from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. BMO Capital Markets initiated coverage on Birkenstock in a research report on Tuesday, September 8th. They set a "market perform" rating and a $35.00 price target on the stock. Wall Street Zen raised Birkenstock from a "sell" rating to a "hold" rating in a report on Sunday, August 23rd. Guggenheim reiterated a "buy" rating and set a $55.00 target price on shares of Birkenstock in a research report on Friday, September 11th. Finally, William Blair cut Birkenstock from an "outperform" rating to a "market perform" rating and set a $44.00 price target on the stock. in a research report on Monday, August 3rd. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.50.

Birkenstock Trading Up 4.6%

The firm has a 50-day moving average of $36.24 and a two-hundred day moving average of $38.85. The firm has a market capitalization of $5.91 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.26 and a beta of 1.28. The company has a current ratio of 3.78, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.02). The company had revenue of $834.65 million during the quarter, compared to the consensus estimate of $827.39 million. Birkenstock had a return on equity of 13.36% and a net margin of 14.82%.The firm's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, analysts anticipate that Birkenstock Holding PLC will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Birkenstock

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bamco Inc. NY grew its holdings in Birkenstock by 25.4% in the fourth quarter. Bamco Inc. NY now owns 7,966,037 shares of the company's stock worth $325,811,000 after purchasing an additional 1,612,236 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Birkenstock by 11.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company's stock valued at $486,156,000 after purchasing an additional 1,264,841 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Birkenstock by 30.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company's stock worth $145,078,000 after purchasing an additional 956,167 shares in the last quarter. Norges Bank acquired a new stake in shares of Birkenstock in the 4th quarter valued at about $34,814,000. Finally, Rice Hall James & Associates LLC bought a new stake in Birkenstock in the 4th quarter valued at about $19,083,000. Institutional investors own 19.93% of the company's stock.

About Birkenstock

Birkenstock Holding plc is a global footwear company best known for its anatomically shaped cork-latex footbed and distinctive sandals. The company offers a range of footwear, including sandals, shoes, clogs, boots and sneakers, as well as accessories and foot-care products.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. The company's products are sold through its own retail stores and e-commerce platforms, as well as through independent retailers and distributors.

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